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Jun 20, 2023

What Is Polkadot (DOT)?

Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.

Is the bottom in on DOT on the Daily ? The RSI showing above 20. Coincidentally, the news being SEC ⛑️safe may be the factor here . Based upon TA DOT is a good asset to track on the Radar. DYOR thank you for your engagement.

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